🚀 Bitcoin and MicroStrategy's Wild Ride! 🚀
- Bitcoin (BTC) recently soared to near $100,000 post-election, with MicroStrategy (MSTR) following suit, hitting over $500.
- However, MSTR faced a sharp 22% drop due to valuation concerns. Why? It's heavily leveraged, holding 386,700 BTC, and raised $9 billion in debt.
- Correlation with BTC is high, but MSTR's business intelligence operations add complexity.
- Is MSTR a good BTC proxy? Not really, unless you love volatility. Consider BTC ETFs for a smoother ride.
- What are your thoughts on MSTR's strategy? Share in the comments! 📈